International Journal of Peace and Development Studies
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Article Number - 4F78D89600


Vol.1(2), pp. 15-24 , November 2010

ISSN: 2141-6621



Review

Elite corruption and the culture of primitive accumulation in 21st century Nigeria


Chris C. Ojukwu1* and J. O. Shopeju2




 

1Institute of human resources development, University of Agriculture Abeokuta, Nigeria.

2Department of communication and general studies, University of Agriculture Abeokuta,Nigeria.


Email: chrisojukwu1@yahoo.com






 Accepted: 15 October 2010  Published: 30 November 2010

Copyright © 2010 Author(s) retain the copyright of this article.
This article is published under the terms of the Creative Commons Attribution License 4.0


 

Nigeria is often perceived as the ‘giant of Africa’ by most Africans, perhaps, because of its remarkable achievements in the continent in the past three decades. Today, the same country is looked upon by the rest of the world as a ‘crippled’ giant, a veritable modern wasteland, a nation where corruption is extolled as a national culture, tradition; as a nation of business scams and fraudulent investment and contractual opportunities. The paper argues that the situation became worse during Olusegun Obasanjo’s eight years administration 1999 to 2007 when his government tactically opened the floodgate of elite corruption and primitive accumulation, which subsequently brought the country to its knees.

 

Key words: Elite, corruption, primitive accumulation, development, economy.


APA (2010). Elite corruption and the culture of primitive accumulation in 21st century Nigeria. International Journal of Peace and Development Studies, 1(2), 15-24.
Chicago Chris C. Ojukwu and J. O. Shopeju. "Elite corruption and the culture of primitive accumulation in 21st century Nigeria." International Journal of Peace and Development Studies 1, no. 2 (2010): 15-24.
MLA Chris C. Ojukwu and J. O. Shopeju. "Elite corruption and the culture of primitive accumulation in 21st century Nigeria." International Journal of Peace and Development Studies 1.2 (2010): 15-24.
   
DOI
URL http://academicjournals.org/journal/IJPDS/article-abstract/4F78D89600

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